HomeMy WebLinkAbout25-108 - Resolution - Trunk Utility AgreementCITY OF LINO LAKES
RESOLUTION NO. 25-108
RESOLUTION APPROVING THE TRUNK UTILITY AGREEMENT
FOR NATURES REFUGE NORTH
WHEREAS, the City Council approved the Planned Unit Development (PUD) Preliminary
Plan/Preliminary Plat for the Natures Refuge North on May 12, 2025, and
WHEREAS, the City has reviewed the utility plans and found them to be in conformance
with the City Standard Specifications for Construction, and
WHEREAS, The Developer of the Natures Refuge North project is required to submit a
cash escrow to cover City Costs in the amount of $145,032.00 and a letter of credit in the
amount of $3,120,729.00 to secure completion of the utility improvements.
NOW, THEREFORE BE IT RESOLVED by the City Council of Lino Lakes that the Trunk
Utility Agreement between M/I Homes of Minneapolis/St. Paul LLC. and the City of Lino Lakes for
the Natures Refuge North PUD is hereby approved.
BE IT FURTHER RESOLVED that the Mayor and City Clerk are hereby authorized to
execute such agreement on behalf of the City.
Adopted by the Lino Lakes City Council this 11th day of August, 2025.
b afferty, Mayor
ATTEST:
Roberta Colotti, City Clerk